Ispecimen Inc. Stock Price, News & Analysis

iSpecimen (Nasdaq: ISPC), a market leader in providing biospecimens for medical research, announced CEO Tracy Curley's participation at the Aegis Conference from May 2-4, 2023. Curley is scheduled to present on May 4 at 4:30 p.m. ET. The conference will be held virtually, catering to a global audience interested in biospecimen solutions for scientific research.

iSpecimen connects researchers with healthcare specimen providers through its innovative online marketplace, which enables easy access to human biospecimens necessary for medical discovery. The company utilizes proprietary technology that allows users to search for specimens across a vast network of partner healthcare organizations. This strategic engagement at the Aegis Conference highlights iSpecimen's commitment to advancing medical research through improved specimen accessibility.

iSpecimen (Nasdaq: ISPC) announced its financial results for the first quarter ending March 31, 2023, will be reported on May 4, 2023, before market opens. A conference call will be held at 8:30 a.m. ET that day, featuring comments from CEO Tracy Curley. Investors can join the live call by dialing +1-844-826-3033 (U.S. Toll Free) or +1-412-317-5185 (International). The conference call will also be available via audio webcast on iSpecimen's website. A replay of the call will be accessible until May 18, 2023. iSpecimen is a global online marketplace that connects researchers with healthcare specimen providers, aimed at advancing medical research through biospecimen procurement.

iSpecimen reported record quarterly revenue of $3.2 million for Q4 2022, up 28% year-over-year. The company attributed this growth to operational improvements implemented after an in-depth review of its operations.

For the full year 2022, total revenue was approximately $10.4 million, down from $11.1 million in 2021, primarily due to a decrease in COVID-related revenue. Despite a lower cost of revenue, iSpecimen faced increased general and administrative expenses, leading to a net loss of approximately $10.2 million.

The company plans significant investments in technology and strategic initiatives to enhance revenue in 2023.

iSpecimen (Nasdaq: ISPC) has announced that it will release its financial results for the fourth quarter and full year ended December 31, 2022, on March 14, 2023, before market opening. The Company will host a conference call at 8:30 a.m. Eastern Time that day, featuring remarks from CEO Tracy Curley. Interested parties can join via phone or web and will have access to a replay until March 28, 2023. iSpecimen connects scientists needing biospecimens with healthcare providers, utilizing a cloud-based platform.

iSpecimen Inc. (Nasdaq: ISPC) has expanded its Marketplace by adding seven new biospecimen sample providers in the U.S. and Europe. This strategic growth will enhance access to vital biospecimens for research in oncology, autoimmune and cardiovascular diseases. The new providers include a network for rapid blood collection and clinical trial groups contributing diverse biofluid specimens.

These additions allow researchers to reach larger patient populations with varied phenotypes. iSpecimen's ongoing commitment to improving supplier criteria is expected to bolster growth throughout 2023, enabling essential medical research.

iSpecimen Appoints Eric Langlois as Chief Revenue Officer

iSpecimen (Nasdaq: ISPC) has appointed Eric Langlois as Chief Revenue Officer, effective immediately. Langlois, previously Senior Vice President of Sales and Business Development, has played a pivotal role in achieving a remarkable 3,000% revenue growth during his tenure. He will manage a restructured commercial team to enhance alignment with customer needs and drive profitable growth. Under Langlois's leadership, iSpecimen has closed significant multi-million-dollar deals, contributing to record growth in Q4 2022. Langlois has extensive experience in pre-clinical research and biobanking, positioning him well to lead the company forward.

iSpecimen (Nasdaq: ISPC) has announced that CEO Tracy Curley will participate in the virtual Sequire Biotechnology Conference on February 2, 2023, at 5:00 p.m. ET. The company operates as an online marketplace connecting scientists with healthcare specimen providers for medical research. Interested attendees can register for the conference. iSpecimen utilizes proprietary cloud technology to facilitate searching for human biospecimens across a network of hospitals and labs. For more information about the conference or to arrange a meeting with management, attendees can reach out via email.